XML 45 R34.htm IDEA: XBRL DOCUMENT v3.25.2
RESTRUCTURING (Tables)
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve by Type of Cost
The following tables display the Company’s restructuring expense by reportable segment:
Three Months Ended June 30, 2025
(in millions)Turbos & Thermal TechnologiesDrivetrain & Morse SystemsPowerDrive SystemsBattery & Charging SystemsCorporateTotal
Employee termination benefits$$$$$— $13 
Other— — — 
Total restructuring expense$10 $$$$— $17 
Three Months Ended June 30, 2024
(in millions)Turbos & Thermal TechnologiesDrivetrain & Morse SystemsPowerDrive SystemsBattery & Charging SystemsCorporateTotal
Employee termination benefits$$$10 $$$17 
Other— — — 
Total restructuring expense$$$14 $$$25 
Six Months Ended June 30, 2025
(in millions)Turbos & Thermal TechnologiesDrivetrain & Morse SystemsPowerDrive SystemsBattery & Charging SystemsCorporateTotal
Employee termination benefits$13 $$$$$33 
Other— 15 
Total restructuring expense$17 $$17 $11 $$48 
Six Months Ended June 30, 2024
(in millions)Turbos & Thermal TechnologiesDrivetrain & Morse SystemsPowerDrive SystemsBattery & Charging SystemsCorporateTotal
Employee termination benefits$$$10 $$$30 
Other— — 14 
Total restructuring expense$15 $10 $17 $$$44 
Schedule of Restructuring Reserve of Roll Forward of the Restructuring Liability
The following tables display rollforwards of the restructuring liability recorded within the Company’s Condensed Consolidated Balance Sheets and the related cash flow activity:
(in millions)Employee Termination BenefitsOtherTotal
Balance at January 1, 2025$39 $$44 
Restructuring expense, net33 15 48 
Cash payments(42)(8)(50)
Foreign currency translation adjustment and other— 
Balance at June 30, 202532 12 44 
Less: Non-current restructuring liability— 
Current restructuring liability at June 30, 2025$25 $12 $37